Ray Dalio, founder of the world’s largest hedge fund, is known as much for his unique approach to corporate culture as he is his investment philosophies. After founding Bridgewater Associates in 1975 at the age of 26, Dalio began chronicling the reasons behind every business and leadership decision he made, a 40-year exercise that culminated in his recently released book Principles. In a recent discussion with Goldman Sachs, Dalio describes the two predominant themes that have framed these principles and thus shaped the culture at Bridgewater over the years – idea meritocracy and radical transparency.